Young, Beginning & Small Loan Program

Plains Land Bank’s commitment to serve the needs of our area extends to all producers and potential producers in the Panhandle and South Plains. The association works to identify and meet the needs of young, beginning and small operations through the (YBS) Loan Program.

YBS in the Community

Plains Land Bank's business plan, developed and supported by management and the board, directs employees to serve the needs of these applicants.

Sponsorship of local youth activities and stock shows through donations, advertisements, staff involvement, and education venues.

Plains Land Bank funds a $5,000 annual scholarship at West Texas A&M University. Several loan officers are active in the West Texas A&M Ag Development Association.

We support and are actively involved in producer meetings held in the area.

Who Qualifies as a YBS borrower:

Young Borrower: A farmer, rancher or producer or harvester of aquatic products age 35 or younger as of the loan transaction date.

Beginning Borrower: A farmer, rancher or producer of aquatic products who has 10 or less years of farming, ranching or aquatic experience as of the loan transaction date.

Small Borrower: A farmer, rancher or producer of aquatic products who normally generates less than $250,000 in annual gross sales of agricultural or aquatic products.

The YBS Loan Program

Allocates additional time as needed, from inquiry to closing, to assist applicants with the real estate purchase process.

Recognizes and makes allowance for circumstances unique to the YBS borrower.

Association Headlines

Plains Land Bank customers came together for regional stockholder meetings on March 27 and 29. Customers conducted official business and collected checks for 29.64% of the interest paid in 2017, a total of $7.1 million.

Dane and Lori Mullins of Silverton, Texas, recently learned how Farm Credit uses its cooperative structure and unique funding mechanism to lend support to rural communities and agriculture across the United States. Mr. and Mrs. Mullins represented their lender, Plains Land Bank, at the 2017 Farm Credit Young Leaders Program in Washington, D.C., and New York City.

Plains Land Bank will distribute $6.75 million of its 2015 earnings to borrowers in early April. Over the past 12 years, Plains Land Bank has returned an average of 23 cents of every dollar that borrowers have paid in interest in the form of patronage checks at stockholders meetings.

In its eighth year, the Plains Land Bank scholarship program at West Texas A&M University (WTAMU) once again identified four outstanding individuals as scholarship recipients. Students were recognized at the WTAMU Ag Day celebration September 11.